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Search results for: economy

Javid plans to deliver first post-Brexit budget on Nov 6

Javid plans to deliver first post-Brexit budget on Nov 6

Reuters 2019-10-14 13:06:57

British finance minister Sajid Javid said on Monday he planned to deliver the first post-Brexit budget statement on November 6, less than a week after the country’s deadline for leaving the Eu...

Vietnam to post economic growth of 6.6pc in 2019: WB

Vietnam to post economic growth of 6.6pc in 2019: WB

Xinhua 2019-10-13 17:24:46

Vietnam's gross domestic product (GDP) expansion is projected to decelerate from 7.1 per cent in 2018 to 6.6 per cent in 2019, due to slower export growth and weaker agricultural production growth, ac...

Banking sector needs urgent reformation: Speakers

Banking sector needs urgent reformation: Speakers

-- 2019-10-12 18:07:32

Speakers at a roundtable have urged the government to take swift measures to reform the banking sector and set up a dedicated commission to this end. Noted economist Prof Dr Mainul Islam presented th...

Canada's Conservatives pledge to balance budget

Canada's Conservatives pledge to balance budget

-- 2019-10-12 16:00:46

Canada’s opposition Conservatives on Friday promised to balance the budget in five years without slashing government jobs if they win an election this month, but the ruling Liberals insisted the...

Govt opts for costlier WB loans

Govt opts for costlier WB loans

FHM HUMAYAN KABIR 2019-10-12 09:59:32

The government is going to take out US$1.87 billion in costlier loans from the World Bank (WB) to implement six projects, officials said. The decision on securing the hard-term loans from the bank's...

BD to become self-sufficient in egg production in FY20

BD to become self-sufficient in egg production in FY20

FE Online Report 2019-10-11 18:08:46

The country is going to be self-sufficient in egg production this financial year (FY20) with an expected output of 17.81 billion eggs, according to the government.The egg sector’s turnover is li...

Current account returns to green zone

Current account returns to green zone

SIDDIQUE ISLAM 2019-10-11 10:07:33

The country's trade gap with the rest of the world narrowed during the first two months of the current fiscal year, aided by a surplus in current account balance. Negative growth in both export and i...

WB warns of curtailing BB autonomy

WB warns of curtailing BB autonomy

FE REPORT 2019-10-11 09:52:31

After projecting lower growth rate, the World Bank (WB) has said curbing the central bank's autonomy poses risk to the economy. "Reform reversals such as easing of loan classification standards, ceil...

Outlook for Chinese banks stable: Moody's

Outlook for Chinese banks stable: Moody's

Xinhua 2019-10-10 16:55:06

Global credit rating agency Moody's has maintained its stable outlook for the Chinese banking system, citing stable liquidity and adequate capitalisation. Accommodative government policies will suppo...

WB predicts 7.2pc GDP growth for FY 2019-20

WB predicts 7.2pc GDP growth for FY 2019-20

FE Online Desk 2019-10-10 13:19:14

The World Bank has forecast a growth of the country's gross domestic product (GDP) at 7.2 per cent for 2019-20 fiscal year. The financial institution made the projection in statement on its website s...

Sour loans could derail growth momentum: BB

Sour loans could derail growth momentum: BB

Siddique Islam 2019-10-10 10:07:04

Managing higher troubled loans and tight liquidity condition on the domestic front alongside external challenges are likely to pose downside risk to the growth momentum, the central bank has said. Th...

IMF's new head warns of 'painful Brexit'

IMF's new head warns of 'painful Brexit'

BBC 2019-10-09 18:23:48

The new head of the International Monetary Fund has warned that Brexit in whatever form will be "painful", adding to the effects of a global slowdown. Kristalina Georgieva said the split will hurt no...

GDP growth rate likely to reach targeted 8.20pc in FY20: BB

GDP growth rate likely to reach targeted 8.20pc in FY20: BB

FE Online Report 2019-10-09 13:06:29

Bangladesh Bank is expecting that the growth rate of the country’s Gross Domestic Product (GDP) will achieve 8.20 per cent target in the current fiscal year (FY20). The Bangladesh Bank Quarterl...

Singapore overtakes US as most competitive economy

Singapore overtakes US as most competitive economy

FE Online Report 2019-10-09 12:49:33

Singapore is the world’s most competitive economy now, according to the Global Competitiveness Index 2019 released today. Singapore overtookd the United States (US) which fell to second place i...

Moderate optimism on improvement of business environment

Moderate optimism on improvement of business environment

FE Online Report 2019-10-09 12:15:42

Problems in the banking sector will have significant adverse impact in the country’s domestic businesses, according to the majority of the businessmen and entrepreneurs surveyed by a local think...

Bangladesh to seek better terms for Chinese financing

Bangladesh to seek better terms for Chinese financing

MIR MOSTAFIZUR RAHAMAN 2019-10-09 10:28:47

Bangladesh will seek relaxation of the terms and conditions of Chinese financing and a revision of the list of China-funded projects at the first meeting of the 'Bangladesh-China Working Group on Inve...

Japanese cos showing greater interest in BD

Japanese cos showing greater interest in BD

UNB 2019-10-08 13:04:51

Bangladesh’s continuous efforts to improve infrastructural facilities and the ease of doing business will encourage Japanese companies to invest in Bangladesh in a bigger way, says a top Japanes...

Drop in German industrial orders adds to recession signs

Drop in German industrial orders adds to recession signs

-- 2019-10-07 13:15:41

German industrial orders fell slightly more than expected in August on weaker domestic demand, data showed on Monday, adding to evidence that a manufacturing slump is pushing Europe’s largest ec...

CPD to launch BD Business Environment Study

CPD to launch BD Business Environment Study

FE Online Desk 2019-10-07 13:14:53

The Centre for Policy Dialogue (CPD) will release the Global Competitiveness Report 2019 (GCR 2019) and present the findings of the Bangladesh Business Environment Study 2019 (whic...

'Honorarium' culture eats up sizeable funds of projects

'Honorarium' culture eats up sizeable funds of projects

FHM HUMAYAN KABIR 2019-10-07 09:59:32

The government agencies are spending a sizeable amount of taxpayers' money every year offering 'honorarium' to the participants of project meetings, defying Prime Minister's order, officials said. Th...

Bangladesh now glittering in international index, finance minister says

Bangladesh now glittering in international index, finance minister says

BSS 2019-10-06 18:37:49

Finance Minister AHM Mustafa Kamal has said that Bangladesh is now glittering in the international index of trade and commerce as the country had been on the peak of successes in social indexes for th...

China’s infrastructure investment reports faster growth

China’s infrastructure investment reports faster growth

-- 2019-10-06 13:27:38

China's infrastructure investment rose 4.2 per cent year on year in the first eight months of 2019, according to the National Bureau of Statistics (NBS). The growth rate was 0.4 percentage points hig...

Jamalpur Economic Zone ready for factory building

Jamalpur Economic Zone ready for factory building

BSS 2019-10-04 20:41:23

The interested investors can start setting up industrial units in Jamalpur Economic Zone (JEZ) as all development works have almost been completed.  “Land development works will be complet...

IMF focuses five issues for sustainable growth of BD

IMF focuses five issues for sustainable growth of BD

BSS 2019-10-04 17:32:09

The International Monetary Fund (IMF) has prioritised five issues to sustain Bangladesh’s economic growth and ease transformation to higher middle income country from the present position. &ldq...

Moderate US job growth expected in September

Moderate US job growth expected in September

-- 2019-10-04 13:25:24

US job growth likely picked up in September, with wages increasing solidly, which could assuage financial market concerns that the slowing economy was teetering on the brink of a recession amid linger...

Foreign loan fuels bank liquidity

Foreign loan fuels bank liquidity

FE Report 2019-10-04 10:24:44

The growth of liquidity in the country's banking system is positively linked with the change in foreign credit flow, according to a study conducted by some researchers of the Bangladesh Bank (BB). Th...

India Economic Summit kicks off

India Economic Summit kicks off

-- 2019-10-03 11:41:19

A two-day India Economic Summit-2019 began in New Delhi on Thursday under the theme “Innovating for India: Strengthening South Asia, Impacting the World”. The World Economic Forum (WEF) i...

Govt starts giving 2.0pc incentive on remittance

Govt starts giving 2.0pc incentive on remittance

-- 2019-10-02 19:50:56

Finance Minister AHM Mustafa Kamal on Wednesday said the government has started giving 2.0 per cent cash incentive on money remitted by expatriate Bangladeshis to remove the burden of increased expens...

German institutes slash GDP growth forecasts

German institutes slash GDP growth forecasts

-- 2019-10-02 14:18:01

Germany’s leading economic institutes on Wednesday slashed their growth forecasts in Europe’s biggest economy for this year and next. They blamed the weaker global demand for manufacturin...

How Bangladesh’s economic growth is stealing India’s thunder: The Indian Express

How Bangladesh’s economic growth is stealing India’s thunder: The Indian Express

-- 2019-10-02 13:38:27

The Asian Development Bank (ADB), on its latest economic outlook update, has shown how Bangladesh, and not India, is the standout economy in terms of growth momentum in South Asia. The Indian Express,...